I just went through this whole process...
I got the smart cover when I first got my iPad2 and I don't like it at all. It doesn't protect the back nor the corners. Sure enough my son dropped my iPad2 from 2 feet above the ground when he was trying to get it for me:( The corner hit the tiled floor and put some cracks in the screen... Apple replaced it for free (surprise!) but I wanted a little more protection this time.
First, I looked at many available cases online. There were a few that looked really good (Yes, AYL was one!), but I really couldn't make the decision without seeing/holding it myself... So, I went to Apple Store (they have NOTHING for iPad2s!!! Come on, Apple!!), Best Buy, and Fry's.
I looked at InCase MagSnap hardshell slim case that accommodates the smart cover but I did not like how slick the back was... I could see my iPad2 hitting the floor again with this:(
Mag Snap Case for iPad 2 : Products By Incase
I bought Targus VuScape folio case, but I ended up returning it. I didn't like the way it held the iPad2. It was pushing on my new screen protector and was lifting it up after 2 hours...
for Mac Cases & Accessories | THZ044US | by Targus
I ended up buying Belkin slim folio case at Fry's and love it!
My iPad2 fits nice and snug. I also love the feel of it (both material and design).
Belkin Slim Folio Stand for iPad 2 F8N605eb
Good luck:)